Preliminary Real Estate Contract is type of agreement that can frequently be seen in practice. Under an Preliminary Real Estate Contract, the seller takes on the obligation to sell a particular property to the buyer and the buyer in return assumes the obligation to buy the property at particular a time and price permanently agreed. [...]
While the companies with foreign investment established in Turkey in accordance with the provisions of the Turkish Commercial Code and hence deemed to have Turkish nationality are not subject to any restrictions in the acquisition of real estates and limited real rights as a general rule, some exceptions to this rule are laid down with [...]
Turkey has reduced the limits for foreigners to acquire Turkish citizenship to encourage investment, according to new regulations published in the country's Official Gazette yesterday. Accordingly, foreigners who own real estate in Turkey worth a minimum $250,000, instead of a previous limit of $1 million, can now avail Turkish citizenship. Turkey's housing sales to foreigners [...]
